TPG Opportunities Partners, a private equity general partner which manages funds, agreed to acquire a minority stake in M&G Chemicals, a manufacturer and wholesaler of chemical products, for $300m. "This capital infusion will not only enable us to grow and solidify our position as a leader in the global PET market, but will also allow us to take advantage of market opportunities as they arise. M&G Chemicals remains committed to investing in the development of innovative PET products that serve the needs of our customers, both today and in the future." He added, "I would like to thank our new TPG partners for their confidence; their investment is enhancing our financial strength and flexibility to execute our strategic vision," Marco Ghisolfi, M&G Chemicals CEO.